Nam Lee Pressed Metal

[dydx]

FY12 (ended 30Sep12) AR is out and makes interesting reading.....
http://info.sgx.com/listprosp.nsf/6c6be9...4003769df/$FILE/Nam%20Lee-AR2012.pdf

The proposed total $0.02/share Final + Special dividends, after approval in the AGM scheduled for 30Jan13, should be paid out around mid-Feb. Based on the last done share price of $0.345 this afternoon, the coming dividends carry a yield of 5.8% p.a.; bearing in mind the dividends would be paid soon within approx. 30 days, the actual effective yield is higher at approx. 6.1% p.a.

I wonder how much more would Mr Market price up Nam Lee in the coming weeks, bearing in mind that based on the latest (as at 30Sep12) NAV of $0.472/share, the counter appears remaining under-priced by quite a big margin.

[Salty]

All items of property, plant and equipment are initially recorded at cost

I like this.
3 freehold land in Johor recorded at 2+mil

[Stockerman]

All items of property, plant and equipment are initially recorded at cost

I like this.
3 freehold land in Johor recorded at 2+mil

May I check how big is this piece of freehold land?

Tks.

[Salty]

From an old report i found, it is about 290k sq ft for the 3 freehold

[peterlynch]

From an old report i found, it is about 290k sq ft for the 3 freehold

how much is it worth now?

[Salty]

Wow just did a check.
Freehold land in johor are selling at PSF $25

Not worth much!

[peterlynch]

Wow just did a check.
Freehold land in johor are selling at PSF $25

Not worth much!

about $7.25 million

[dydx]

Today (24Jan13), Nam Lee closed at a new high of $0.37. Nice!

[structuredfinancier]

Fantastic!

[peterlynch]

when is the ex-dividend date?